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IDBI Bank
unveils two products for SMEs
Our Banking
Bureau
16 July 2002
 Hyderabad:
IDBI Bank has
announced the launch of two new products targeted at small and
medium business clientele in Andhra Pradesh, which the bank claims
will enable the clientele avail of significant savings on their
transactions.
 Says
IDBI Bank cluster head (Hyderabad) M Vasudevan: "Both the
products — Business Premium Current Account and Business Special
Current Account — are aimed at the bank’s small and medium
business customers."
The features of these
products that make such significant savings possible are free
electronic funds transfer, free cheque collections, free demand
drafts and free inter-branch banking.
 Vasudevan
says some of the add-ons offered with these new service
packages include sweep in facility linked to fixed deposits,
local cheque book, personalised payable at par cheque
book, monthly statements by courier and e-mail, phone
banking, third party transfers through Internet-banking
— all at no additional cost.
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